2024-12-31-accounts - The Hollow Lane Club

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Report and Financial Statements

Year ended 31 December 2024 Registered Charity Number: 1186520

The Hollow Lane Club CIO

Year ended 31 December 2024

Contents Page Report of the Trustees Independent Examiner’s Report to the Trustees Statement of Financial Activities (SOFA) Balance Sheet 10 Notes forming part of the financial statements 11

The Hollow Lane Club CIO

Report of the Trustees

Period ended 31 December 2024

The Trustees are pleased to present their report and financial statements for the year ended December 2024.

The financial statements comply with the Charities Act 2011, the terms of the Trust as described below and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

1. Objectives, Activities and Public Benefit

The Charity’s objectives are to:

Provide the necessary facilities for the daily care, recreation and education of children with disabilities and their siblings during after school hours and school holidays; and
Advance the education and training of the persons in the provisions of such care, education and recreational facilities.

The Trustees confirm that they have taken into account the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.

2. Achievements and Performance

The Hollow Lane Club CIO is dedicated to enhancing the lives of children and young people with complex additional needs and their families. The Club provides fun, engaging and inclusive out of school activities for young people and their siblings at weekends, after school hours and during the school holidays, across three locations in Devon. The Club is an Ofsted registered provider.

The Exeter Summer Club took place for 12 days in July and August 2024. We were pleased to welcome 72 children from 68 different families. We offered 31 groups off site trips including Dartmoor Zoo, Exeter City FC, Lindfield Farm, Miniature railway at St Katherine’s Priory, Exeter Craft Hub, Plymouth Aquarium, Planet Play, Northbrook Pool, Canal Tea Room, Paddleboarding and Kayaking and the Gruffalo Trail at Haldon Forest and had 51 sessions on site run by visitors from Drumming Workshop, Badminton, Space Odyssey Planetarium, Art Makers, Adventure Babies, Sing and Sign Jukebox, Lydis Bailys Themed Characters, Rainbow Gecko, Sensory Play, Sciencedipity, Supersonic Sounds and an ice cream van. We had a total of 55 staff working (excluding the management team).

For the After School and Saturday Clubs we ran 346 sessions across the year for the reporting period. These sessions were attended by a total of 1,372 children and young people. Many of the children and young people use the Club on a regular basis and attend multiple sessions.

The Hollow Lane Club CIO

Report of the Trustees (continued)

Year ended 31 December 2024

2. Achievements and Performance (continued)

As Trustees, we continue to be proud of the resilience the Club has shown following the pandemic. At the end of December 2024 we continue to be financially solvent and have been well supported by our funders. We acknowledge a deficit this year and are aware that securing funding is likely to be more challenging in 2025. Trustees and the Club Team have continued to work hard throughout the year whilst external factors continue to have an impact such as rising costs, difficulties in recruiting staff and funding.

The Club secured further two year funding from both the Big Lottery and Children in Need as well as other funders which included substantial amounts from The Clare Milne Trust, The Post Code Trust, Northbrook Community and Bailey Thomas.

All places at The Hollow Lane Club are heavily subsidised by grant funding to ensure we can offer our services to all and that cost is not a barrier to access. We also recognise that our staff costs are high, but essential, to deliver the varied programme of activities. The greatest expenditure in our budget is staffing costs because we require a high ratio of specialist playworkers to children/young people due to the complex nature of their disabilities. The Trustees recognise the need to continue to identify sources of funding on an ongoing basis. Trustees are pleased to report that we have successfully secured funding from the following organisations during this reporting period:

The Big Lottery Fund Children In Need The David Gibbons Foundation The Clare Milne Trust One Voice Media The Post Code Trust Bruce Wake Charitable Trust Northbrook Community Trust Tesco Community Grants Bailey Thomas Douglas Arter Foundation St Austell Brewery

The Hollow Lane Club CIO would like to record its grateful thanks to all the above who provided funding and support to the Charity over the last year. We do keep our funders updated with written reports on what we have achieved with their donations and on the overall progress of the Club.

The Hollow Lane Club CIO

Report of the Trustees (continued)

Year ended 31 December 2024

2. Achievements and Performance (continued)

We also continue to work with a wide range of locally based partners to deliver sessions such as art and craft sessions with Magic Carpet and Artmakers, music and performance sessions with Adventure Babies, Rainbow Gecko, Lydia Bailys, Supersonic Sounds. We work closely with another local charity called Freedom Wheels and hire transport from them for Saturday Clubs and Summer Club. We also attended a local volunteering event to promote our Club to potential Trustees. We were able to source and hire a minibus from a local company to enhance our transport options at Summer Club.

The Trustees and families of the children and young people who attend recognise that a key factor in the Club’s continuing success is the dedication and commitment of the General Manager and team. Their expertise and knowledge ensure that the sessions run effectively. The planning and delivery of sessions meets the needs of those who attend giving them experiences they might not otherwise have and providing respite for families. We feel that significant progress continues to be made towards the full recovery of the Club following the pandemic. Good relationships continue with children and young people, their families and staff. We were able to hold a social event for staff with funding that was specifically identified for this purpose within one of our grants.

3. Financial Review

The net expenditure for the period is £12,412 (2023: net income £337). Further details are shown in the Statement of Financial Activities on page 9.

The charity has restricted funds at 31 December 2024 of £nil (2023: £1,210) and unrestricted funds of £171,106 (2023: £182,308) which include designations of £20,000 in respect of the Employment Commitment Fund and £10,000 each in respect of the Development Fund and the Closure Fund (see note 11).

Reserves

The Charity’s free reserves at 31 December 2024 are £130,974 (2023: £142,308) and the Trustees’ target level of free reserves is £153,000.

The Trustees recognise the particular vulnerability of the children and young people who attend The Hollow Lane Club CIO and the value that their families place on the service. The Trustees’ policy on reserves has been reviewed and is for the Charity to have free reserves of £153,000. The Trustees' policy is for the charity to have free reserves of six months' operating costs plus the costs of running the next Summer Club to cover eventualities such as short-term cash flow problems, or the sudden loss of a funding source, and to ensure that the Charity can continue to run efficiently and maintain its programme of activities.

The Trustees actively monitor the Charity’s free reserves and continue to focus on increasing the level of these reserves whenever circumstances allow.

The Hollow Lane Club CIO

Report of the Trustees (continued)

Year ended 31 December 2024

3. Financial Review (continued)

Risk Management

The Trustees have identified any major risks facing the Charity and taken such steps as they can to mitigate them. We have designated £10,000 in a Development Fund for IT or marketing costs to enable the charity to respond to opportunities not included in the annual budget such as IT or new innovative ways of working. £20,000 in an Employment Commitment Fund to ensure that the charity would have sufficient funds for unforeseen costs associated with employment such as long-term sickness, and the need for additional cover or maternity or redundancy. The charity also has £10,000 designated in a Closure Fund to cover any such eventuality and as such we have a contingency in place.

We continue to have ongoing significant funding from two major funders i.e.The Big Lottery and Children In Need. Funding from these two providers continues into year 2 of secured 3-year grants, although it has not been renewed at a similar level. We continue to work on securing new sources of funding.

The Trustees are satisfied that The Hollow Lane Club CIO remains a going concern.

4. Evaluation

The Hollow Lane Club CIO is very much user led with the voices of the children and young people and their families at the heart of everything we do. We have excellent relationships with parents and carers of the children and young people who use the service. We are familiar and confident with the children and young people’s needs and have built trust with their families by delivering a secure and reliable service. We understand that our families need the Clubs to be accessible and affordable – many families would be unable to pay the fees of some other local providers. The subsidised fees mean that families are able to book more sessions with the funds awarded through Social Care.

The Club undertakes annual evaluations to gather feedback from families, carers and staff on the year’s sessions. This allows the Club to effectively measure outcomes and ensures we are meeting our stated aims, both for the children and young people who attend and their families. This feedback also assists us in reviewing our provision and to develop plans for the future to meet the needs of the users in line with our charitable objectives. Additionally, it enables us to keep our funding partners updated on how effective their support has been and what it has enabled us to achieve.

The Club offers places to individuals whose complex needs and behaviour can make it difficult for them to be able to access facilities in their local communities. The services offered by the Club also have wider benefits for the community, both by providing valuable respite to families who are already under additional pressure and because our provision has positive benefits on the quality of life of those living with and supporting children and young people with additional needs.

The Hollow Lane Club CIO Report of the Trustees (continued)

Year ended 31 December 2024

4. Evaluation (continued)

Recognising the above, the Charity has a number of key measurable outcomes we want to achieve:

Improved social opportunity: children and young people have spent quality time with their peers as well as meeting new people, helping to overcome social isolation and gain quality of life experiences.
Children and young people were facilitated to make choices regarding what activities were important to them.
Improved self-esteem: from interacting with others and engaging in new and sometimes challenging experiences.
Improved confident gained by positive experiences and having fun.
Improved wellbeing.
Improved social skills.
Achievement of new practical and life skills.
Respite for families and carers.

Our staff have the skills to engage with the children and young people enabling them to communicate their likes and dislikes when making choices.

Scrapbooks, artwork and diaries are shared with parents and carers wherever possible as well as using social media to share our successes and activities. These have recorded the activities on offer as well as the children and young people’s experiences, feelings and achievements. These are combined with the aforementioned feedback from parents/carers, staff and children and young people to inform us of the benefits and impact of the programme as well as constructive feedback to enable us to plan our future sessions.

5. Plans for the Future

The Trustees are pleased to report that the Exeter Clubs were fully operational in 2024. Dartington Clubs continue to be more limited due to a lack of staff. In 2025 we plan to offer some trial Saturday Clubs at Dartington following recruitment of a Manager.

The focus for 2025 will be to continue to work and consolidate on the progress made. In particular around staff and trustee recruitment and retention. Additionally, there are plans to continue sourcing and adding different activities to the programme

We will continue to work with our fundraising consultant to maximise funding opportunities.

The Hollow Lane Club CIO Report of the Trustees (continued)

Year ended 31 December 2024

6. Structure, Governance and Management

The Hollow Lane Club CIO is an incorporated charitable association, registered 22 November 2019.

The Club is run by a small staff team and a Board of Trustees. The Board (Executive Committee) consists of no less than three and no more than eight Trustees. Trustees are elected and re-appointed to the Executive Committee at the Annual General Meeting. The current Board includes a committee of five Trustees, who oversee the workings of the Club. Between them, the Trustees have a good range of both personal experience and professional expertise which contributes to the smooth running of the Club, including management of large projects, budgeting and finance.

7. Reference and administrative details

Name: Charity Number:

The Hollow Lane Club CIO 1186520

Principal Office C/o Ellen Tinkham School Hollow Lane Exeter EX1 3RW

Trustees

Ms A Robinson Ms N Burroughs Ms S Foxwell Ms K Nicholls Mr M Byrne

Mr R Fitzpatrick (appointed 13 June 2024)

Principal Bankers

Lloyds Bank plc 234 High Street Exeter EX4 3NL

Independent Examiner

Neil Hitchings FCA Francis Clark LLP Centenary House Rydon Lane Exeter EX2 7XE

The Hollow Lane Club CIO

Report of the Trustees (continued)

Year Ended 31 December 2024

8. Trustees’ Responsibilities in relation to the financial statements

The charity Trustees are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In preparing the financial statements, the trustees are required to: -

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Amelia Robinson

for and on behalf of the Trustees Date: ……………

The Hollow Lane Club CIO

Independent Examiner’s Report to the Trustees

Year Ended 31 December 2024

I report to the trustees on my examination of the accounts of The Hollow Lane Club CIO for the period ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Neil Hitchings FCA Francis Clark LLP Chartered Accountants Centenary House Peninsula Park Rydon Lane EXETER EX2 7XE

…………………………..

The Hollow Lane Club CIO

Statement of Financial Activities (SOFA)

Year Ended 31 December 2024

		Unrestricted	Restricted	Total	Total
Notes		Funds	Funds	2024	2023
			£	£	£
Income from:
Donations and legacies	3	811	-	811	1,446
Charitable activities – Grants	4	51,249	96,204	147,453144,646
– Fees/Other income	4	101,106	-	101,106	78,518
		–––––––	–––––––	–––––––	––––––
Total		153,166	96,204	249,370224,610
		–––––––	–––––––	–––––––	––––––
Expenditure
Charitable activities	5a	148,618	97,414	246,032206,723
Raising Funds	5b	15,750	-	15,750	17,550
		–––––––	–––––––	–––––––	––––––
Total		164,368	97,414	261,782224,273
		–––––––	–––––––	–––––––	––––––
Net income/(expenditure) and net		(11,202)	(1,210)	(12,412)	337
movement in funds for the year
Total funds at 1 January 2024		182,308	1,210	183,518183,181
		–––––––	–––––––	–––––––	––––––
Total funds at 31 December 2024		171,106	-	171,106183,518
		`══════`	`══════`	`════════════`

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The Hollow Lane Club CIO

Balance Sheet

As at 31 December 2024

As at 31 December 2024
		31 December31 December
		2024	2023
	Notes	£	£
Fixed assets
Tangible assets	7	132	1,210
Current assets
Debtors	8	3,618	4,992
Cash at bank and in hand	9	218,990	221,804
		––––––	––––––
		.222,608	226,796
Current liabilities
Creditors: amounts falling due within
one year	10	(51,634)	(44,488)
		––––––	–––––––
Net current assets		170,974	182,308
		––––––	–––––––
Net assets		171,106	183,518
		`══════`	`══════`
Funds
Restricted Funds	12	-	1,210
Unrestricted funds
General fund		131,106	142,308
Designated Funds	11	40,000	40,000
		––––––	–––––––
Total charity funds		171,106	183,518
		`══════`	`══════`

Approved by the Board of Trustees on …………………… and signed on its behalf by

Amelia Robinson

The Hollow Lane Club CIO

Notes forming part of the financial statements

Year Ended 31 December 2024

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a. General information

Reference and administrative details of the charity can be found on page 6.

b. Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has been withdrawn.

The Hollow Lane Club CIO meets the definition of a public benefit entity under FRS 102.

The Charity has secured 3-year funding from The Big Lottery Covid Recovery Programme and Children in Need which will bring financial security to the club for the next 2 years. The Trustees have a funding strategy which focuses on accessing similar levels of core funding from a variety of other sources.

Our focus will be concentrated on staff recruitment, retention and upskilling our staff. Additionally, we shall focus on increasing the numbers of young people attending our clubs back to pre-Covid levels.

The Trustees believe there are no material uncertainties over the charity’s activities being able to continue for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

The functional currency of the charity is considered to be pounds sterling because it is the currency of the primary economic environment in which the charity operates.

The financial statements include the transactions, assets and liabilities of these accounts.

The Hollow Lane Club CIO

Notes forming part of the financial statements (continued)

Year Ended 31 December 2024

1. Accounting Policies (continued)

c. Income

All income is recognised when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Donations and legacies are recognised when receivable.

Income from investments is included in the year in which it is receivable.

Income from Charitable Activities where entitlement is not conditional on the delivery of a specific performance by the charity is recognised when the charity becomes unconditionally entitled to the grant.

d. Expenditure

Expenditure is recorded on an accruals basis and has been classified under headings which aggregate all costs related to that category.

Charitable expenditure comprises those costs incurred by the charity in order to meet its charitable activities.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

e. Fixed Assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

f. Depreciation

Assets are depreciated over their estimated useful lives as follows: - Fixtures and equipment - 33.3% straight line

g. Value Added Tax

The trust is not registered for Value Added Tax (VAT). Expenditure in these financial statements therefore includes VAT payable where appropriate.

h. Funds

Restricted funds are created when third party grants are made a particular area or purpose. Designated funds are those funds earmarked by the trustees for a specific purpose. Unrestricted funds represent monies available for general charitable purposes.

The Hollow Lane Club CIO

Notes forming part of the financial statements (continued)

Year Ended 31 December 2024

2. Statement of prior year financial activity (for the year ended 31 December 2023)

	Unrestricted	Unrestricted	Restricted Total
		Funds	Funds 2023
		£	£ £
Income from:
Donations and legacies	3	1,446	- 1,446
Charitable activities – Grants	4	50,721	93,925 144,646
– Fees/Other income	4	78,518	- 78,518
		–––––––	––––––– –––––––
Total		130,685	93,925 224,610
		–––––––	––––––– –––––––
Expenditure
Charitable activities	5a	111,591	95,132 206,723
Raising Funds	5b	17,550	- 17,550
		–––––––	––––––– –––––––
Total		129,141	95,132 224,273
		–––––––	––––––– –––––––
Net income/(expenditure) and net		1,544	(1,207) 337
movement in funds for the year before	transfers
Transfers between funds		3,672	(3,672) -
Total funds at 1 January 2023		177,092	6,089 183,181
		–––––––	––––––– –––––––
Total funds at 31 December 2023		182,308	1,210 183,518
		`══════`	`══════` `══════`
3. Donations and legacies
	Unrestricted	Restricted TotalTotal
	Funds	Funds 20242023
	£	£ ££
Donations	811	-	8111,446
	`══════`	`════════════════`

The Hollow Lane Club CIO

Notes forming part of the financial statements (continued)

Year Ended 31 December 2024

4. Income from Charitable Activities

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2024	2023
		£	£	£	£
	Grants	51,249	96,204	147,453	144,646
	Fees / Other income	101,106	-	101,106	78,518
		––––––	––––––	––––––	––––––
		152,355	96,204	248,559	223,164
		`══════`	`══════` `══════`		`══════`
5.	Expenditure
		Unrestricted	Restricted Total		Total
		Funds	Funds	2024	2023
		£	£	£	£
	a. Charitable Expenditure
	Trips and outings	7,959	1,250	9,2098,076
	DBS Checks	480	1,500	1,980	1,337
	Staff salaries	95,805	81,091	176,896	144,080
	Rent	15,158	6,600	21,758	17,740
	Items for activities	11,579	3,500	15,079	11,815
	Training cost	1,345	1,563	2,908	2,894
	Subscription	1,008	-	1,008	1,542
	Office costs	4,991	700	5,691	9,415
	Insurance	1,727	-	1,727	1,496
	Bank charges	226	-	226	182
	Depreciation	68	1,210	1,278	1,634
	Payroll services	4,342	-	4,342	3,741
	Governance Costs
	Accountancy services	3,930	-	3,930	2,770
		–––––	–––––	–––––	–––––
		148,618	97,411	246,032	206,723
		`═════`	`═════`	`═════`	`═════`
	b. Raising Funds
	Fundraising	15,750	-	15,750	17,550
		–––––	–––––	–––––	–––––
		15,750	-	15,750	17,550
		`═════`	`═════`	`═════`	`═════`

The Hollow Lane Club CIO

Notes forming part of the financial statements (continued)

Year Ended 31 December 2024

Staff
	2024	2023
	Number	Number
Average number employed in period	45	42
	`═══════`	`═══════`
Aggregate amounts paid in respect of:
	£	£
Wages and salaries	176,896	144,080
	`───────`	`───────`
	176,896	144,080
	`═══════`	`═══════`

No employee received emoluments exceeding £60,000 p.a. The Trustees received no remuneration in the year.

The trustees consider the key management personnel of the charity to be the trustees and the administrative and management staff, their aggregate remuneration is £74,143.

7. Tangible Fixed assets

7. Tangible Fixed assets
	Fixtures &	Total
	equipment
	£	£
Cost
Brought forward	13,349	13,349
Additions	200	200
Disposals	(3,404)	(3,404)
	–––––––	–––––––
At 31 December 2024	10,145	10,145
	–––––––	–––––––
Depreciation
Brought forward	12,139	12,139
Charge for the year	1,278	1,278
Eliminated on disposal	(3,404)	(3,404)
	–––––––	–––––––
At 31 December 2024	10,013	10,013
	–––––––	–––––––
Net book amounts
At 31 December 2024	132	132
	`═══════`	`═══════`
At 31 December 2023	1,210	1,210
	`═══════`	`═══════`

The Hollow Lane Club CIO

Notes forming part of the financial statements (continued)

Year Ended 31 December 2024

8.	Debtors
		2024	2023
		£	£
	Other debtors	2,063	3,032
	Prepayments	840	1,960
	Accrued income	715	-
		–––––––	–––––––
		3,618	4,992
		`═══════`	`═══════`
9.	Cash at Bank and in Hand
		2024	2023
		£	£
	Current account	99,093	102,326
	Treasurer’s account	30,920	32,720
	Monmouthshire Building Society	88,578	86,286
	Cash account	110	310
	Petty cash	289	162
		–––––––	–––––––
		218,990	221,804
		`═══════`	`═══════`
10.	Creditors: Amounts Falling Due Within One Year	2024	2023
		£	£
	Trade creditors	11,172	3,276
	Other creditors	12,158	1,862
	Accruals	2,850	2,100
	Deferred grant income	25,454	37,250
		–––––––	–––––––
		51,634	44,488
		`═══════`	`═══════`
11.	Designated Funds
	Designated funds comprise:	2024	2023
		£	£
	Designated Fund – Employment Commitment Fund	20,000	20,000
	Designated Fund – Development Fund	10,000	10,000
	Designated Fund – Closure Fund	10,000	10,000
		––––––	––––––
		40,000	40,000
		`══════`	`══════`

The Hollow Lane Club CIO

Notes forming part of the financial statements (continued)

Year ended 31 December 2024

11. Designated Funds (continued)

The Employment Commitment Fund represents reserves set aside to meet unforeseen costs associated with employment, for example sickness, maternity, and redundancy.

The Development Fund is to provide means to enable the charity to respond to opportunities not included in annual budgets.

The Closure Fund is to cover any such eventuality and to have a contingency in place.

12 . Restricted Funds

Big Lottery Fund Children in Need The David Gibbons Foundation Bruce Wake Charitable Trust Exeter Chiefs Foundation	Brought forward £ - - - - 1,210 1,210	Income £ 77,204 15,000 2,000 2,000 - 96,204	Expenditure £ (77,204) (15,000) (2,000) (2,000) (1,210) (97,414)	Transfers £ - - - - - -	Carried forward £ - - - - - -

Restricted Funds are funds held for specific activities. All restricted funds above are such due to receipt of grants by the Charity that have specific conditions attached as to their use as well as the furtherance of the Charity’s objectives. The restrictions imposed on the funds are as follows:

Big Lottery Fund – provided to contribute to particular staff costs in line with the funding agreement, aiding the clubs’ recovery after the Covid-19 pandemic

Children in Need – Provided to contribute towards the cost of sessional workers for the clubs

The David Gibbons Foundation – Provided to contribute towards the cost of Exeter After School clubs

Bruce Wake Charitable Trust – Grant for sports activities for 15 students

Exeter Chiefs Foundation – Grant for the purchase of specific IT and play equipment for all clubs.

The above figures do not include deferred grant income on each restricted fund. This will be recognised as it falls due.

The Hollow Lane Club CIO

Notes forming part of the financial statements (continued)

Year Ended 31 December 2024

13 . Analysis of net assets between funds

	General Designated Restricted	General Designated Restricted	General Designated Restricted	Total
	Funds	Funds	Funds
	£	£	£	£
Fund balances at 31 December 2024
are represented by:
Tangible fixed assets	132	-	-	132
Net current assets	130,974	40,000	-	170,974
	––––––	––––––	––––––	––––––
	131,106	40,000	-	171,106
	`══════`	`══════`	`═════`	`══════`
	General Designated Restricted			Total
	Funds	Funds	Funds
	£	£	£	£
Fund balances at 31 December 2023
are represented by:
Tangible fixed assets	-	-	1,210	1,210
Net current assets	142,308	40,000	-	182,308
	––––––	–––––––	–––––	––––––
	142,308	40,000	1,210	183,518
	`══════`	`══════`	`═════`	`══════`

14. Related party transactions

There have been no related party transactions in the year requiring disclosure.